Larry Elliott on the financial crisis + Banking | The Guardianhttps://www.theguardian.com/business/series/larryelliottfinancialcrisis+banking
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Greek referendum: smart response from Tsipras, but triumph may be briefhttps://www.theguardian.com/world/2015/jul/06/greek-referendum-alexis-tsipras-moment-triumph-may-be-brief
<p>Winning the vote decisively has refreshed the prime minister’s anti-austerity mandate, but rebuilding trust with eurozone members will not prove easy</p><p>Alexis Tsipras’s response to the Greek referendum was smart. A dumber politician might have been tempted to turn up the volume following the thumping victory for the no side in the referendum. But instead of striking macho poses, the Greek prime minister was emollient. He said Greece wanted to resume talks with its creditors, and backed up his words by getting rid of his finance minister, Yanis Varoufakis, who relished being a figure of hate in Brussels.</p><p>Emollient and realistic, because, without question, Tsipras is in an uncomfortable position. The Greek economy is even closer to seizing up than it was before Sunday’s vote. The banks remain shut and it looks as if the cashpoints will run out of cash within the next 48 hours. Even if a deal is done in the next few days, Greece is in the early stages of another deep and painful recession.</p> <a href="https://www.theguardian.com/world/2015/jul/06/greek-referendum-alexis-tsipras-moment-triumph-may-be-brief">Continue reading...</a>Alexis TsiprasWorld newsEurozone crisisBankingBusinessGreeceFinancial crisisEuroEuropeMon, 06 Jul 2015 18:21:42 GMThttp://www.theguardian.com/world/2015/jul/06/greek-referendum-alexis-tsipras-moment-triumph-may-be-briefPhotograph: Louisa Gouliamaki/AFP/Getty ImagesPhotograph: Louisa Gouliamaki/AFP/Getty ImagesLarry Elliott2015-07-06T18:21:42ZCo-op members have to decide if they want to be run by amateurs or professionalshttps://www.theguardian.com/business/2014/apr/17/co-op-board-amateurs-professionals
Co-op bank is planning to sell farms and pharmacies to raise money but they need a capable board to hold management to account<p>The interim chief executive of the Co-op did not mince his words. Last year had been "disastrous" and the "worst" in the 150-year history of the group. Chief executives rarely use language of this sort. Most annual statements are either self-preening or bland in the extreme.</p><p>In this case, Richard Pennycook's tough talk is entirely justified. The Co-op bank has been to the edge of the abyss. Operating profit in the trading businesses is down 71% in the past three years. The Co-op has broken bank covenants. In the financial markets, its debt has junk-bond status. Sales and profits are down in the grocery business.</p> <a href="https://www.theguardian.com/business/2014/apr/17/co-op-board-amateurs-professionals">Continue reading...</a>Co-operative GroupRetail industryBankingBusinessUK newsEconomicsThu, 17 Apr 2014 18:10:55 GMThttp://www.theguardian.com/business/2014/apr/17/co-op-board-amateurs-professionalsPhotograph: Alastair Grant/APPedestrians walk past a branch of the Co-operative Bank in central London. Photograph: Alastair Grant/APPhotograph: Alastair Grant/APPedestrians walk past a branch of the Co-operative Bank in central London. Photograph: Alastair Grant/APLarry Elliott2014-04-17T18:10:55ZVideo: Larry Elliott on the latest banking bail-outhttps://www.theguardian.com/business/video/2009/jan/19/banking-creditcrunch
The Guardian's economics editor, Larry Elliott, assesses the government's latest <a href="http://www.guardian.co.uk/business/2009/jan/19/bank-bail-out-rbs">bail-out of the banking sector</a> <a href="https://www.theguardian.com/business/video/2009/jan/19/banking-creditcrunch">Continue reading...</a>BankingCredit crunchEconomic policyBusinessUK newsBanks and building societiesMoneyMon, 19 Jan 2009 14:56:00 GMThttp://www.theguardian.com/business/video/2009/jan/19/banking-creditcrunchLarry Elliott2009-01-19T14:56:00ZVideo: Larry Elliott on the UK government's £500 bn rescue planhttps://www.theguardian.com/business/video/2008/oct/08/marketturmoil.creditcrunch
The Guardian's economics editor, Larry Elliott, on the impact of Britain's £500bn rescue plan around the world <a href="https://www.theguardian.com/business/video/2008/oct/08/marketturmoil.creditcrunch">Continue reading...</a>Market turmoilCredit crunchBankingInterest ratesBusinessWed, 08 Oct 2008 18:08:00 GMThttp://www.theguardian.com/business/video/2008/oct/08/marketturmoil.creditcrunchLarry Elliott and Hildegunn Soldal2008-10-08T18:08:00ZVideo: HBOS: Larry Elliott's guide to the financial crisishttps://www.theguardian.com/business/video/2008/sep/17/larry.elliott.hbos
The Guardian's economics editor, Larry Elliott, takes stock of the HBOS bailout and other financial news <a href="https://www.theguardian.com/business/video/2008/sep/17/larry.elliott.hbos">Continue reading...</a>HBOSLloyds Banking GroupBusinessUK newsSharesMarket turmoilMergers and acquisitionsBankingUS newsWed, 17 Sep 2008 13:42:00 GMThttp://www.theguardian.com/business/video/2008/sep/17/larry.elliott.hbosLarry Elliott2008-09-17T13:42:00Z